Russia states its position, Ukraine is determined not to give in, EU "plots"

On July 4, the Russian Foreign Ministry announced that the country saw no basis to extend the grain deal, less than two weeks before the agreement expired.

Russia sees no basis for extending grain deal. (Source: Getty Images)

The statement noted that Russia is doing everything so that all ships covered by the agreement can leave the Black Sea before it expires on July 17.

The market sees the grain deal as unlikely to be extended unless Russia makes significant concessions. Easing sanctions on the banking sector would be a quick way to meet Moscow’s expectations.

The European Union (EU) is considering a proposal to establish a branch of the Russian Agricultural Bank to reconnect the country to the global financial system, according to the Financial Times .

With the Bank under sanctions, the move is aimed at protecting the grain deal from being renewed.

The EU proposal would allow a branch of the Russian Agricultural Bank to process payments related to grain exports.

On the Ukrainian side, Foreign Minister Dmitry Kuleba said that the country would not make any concessions to Russia to extend the grain deal. Mr. Kuleba stressed that Ukraine was not obliged to make any compromises to extend the deal.

According to him, Moscow - not Kiev - should comply with its obligations.

Source: https://baoquocte.vn/gia-han-thoa-thuan-ngu-coc-nga-neu-quan-diem-ukraine-quyet-khong-nhuong-bo-eu-u-muu-233438.html